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Sold on 03/04/2025

509 E Jackson St, Muncie, IN 47305

  • $173,000

    Last sold 03/04/2025 for $192K

  • 6

    bed

  • 7

    bath

  • 3,072

    Sqft

Multi-family not for sale
Movoto is helping 8 homebuyers near you

About 509 E Jackson St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 3,920 Sqft
Movoto estimate
Parking 4 garage spaces
Property description
Great investment opportunity! This 7 unit property includes 6 units in the main house and another unit located behind the house. Many updates have been completed including newer paint and flooring, most plumbing has been redone, gas wall heaters in every unit, sump pump in the basement, and water heater. 6 of the 7 units are currently rented. Total rents are $3,949 per month. Owner pays utilities. Can be bought in a package with 511 E Jackson St. Located near downtown Muncie and only minutes from shopping and restaurants. Don't miss out on this income producing property!
Listed by
Listing Agent - Ryan Orr
Listing Agent Contact: Home: 765-212-1111
Listing Office - RE/MAX Real Estate Groups
Source: IRMLS mls logo
MLS#202447333 • last updated 1 year ago
Movoto checked IRMLS for data 1 hour ago
Overview
Cooling/AC None
Heating Gas, Wall Heater
Levels/Style 2, Two Story
Status Sold
MLS # 202447333
Type INVESTMENT
SubType Sevenplex
SqFt (Total) 3746
SqFt (Finished) 3072
Lot Size (SqFt) 3920
L:ot Size (Acres) 0.09
Property Taxes 1516
Foreclosure (Y/N) No
Year Built 1900
Short Sale (Y/N) No
HOA Fees $ Not Applicable
Number of Units 7
Interior
Total # Bathrooms 7
# Full Baths 7
Total # Bedrooms 7
Flooring Other
Exterior
Exterior Stone, Vinyl, Other
Basement/ Foundation Crawl, Partial Basement
Lot Dimensions 32x125
Other Structure(s) None
Lot Desc Level
Amenities / Utilities
Sewer City
Water City
Amenities Eat-In Kitchen
Location
Area Delaware County
Subdivision Other
High School Central
Middle School Southside
Elementary School East Washington Academy
School District Muncie Community Schools
APN 18-11-15-126-002.000-003
Waterfront Y/N No
Multifamily Details
Owner Pays Electric, Fuel, Lawn Maintenance, Water
Expense: Miscellaneous 900.5
Tenant Pays None
Annual Net Income 40754.23
Expense: Maintenance 1266.98
Gross Monthly Rent $ 4424
Annual Gross Rent $ 53088
$173K
Range: $141K-$204K
Last 30 days 
  • Mar 2025
    mls logo MLS # 202447333
  • Mar 4, 2025 Sold
    $192,500 (-3.7%)
  • Jan 8, 2025 Pending
    —
  • Dec 16, 2024 Listed
    $199,900
  • 509 E Jackson St
    $192K
  • East Central
    $137K +37% y/y
  • 47305
    $149K +49% y/y
  • Muncie
    $170K +3% y/y
No chart available
Statistics calculated by Movoto

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6/10
East Washington Academy
public Grades PK, K-5
Muncie Community Schools
3/10
Muncie Central High School
public Grades PK, K-12
Muncie Community Schools
4/10
Northside Middle School
public Grades 6-8
Muncie Community Schools
Source: GreatSchools.org © 2026. All rights reserved.

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